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20110725
20110725
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Search Results 0 to 25 of about 26 (some duplicates have been removed)
in afghanistan. the pentagon says funds from a $2.1 billion trucking contract to get supplies to american troops were funneled to the militants. a pentagon spokesman says a new contract will be awarded and applicants will be more thoroughly vetted. >>> we have an update tonight on the u.s. government law enforcement initiative that allowed guns to fall into the hands of mexican criminals. we have an exclusive report on some of the buyers in operation fast and furious. >> it's a lot of guns. that was the first thing that came into mind. >> this attorney represents manuel acosta, the man accused of recruiting 19 straw buyers later indicted for smuggling guns to mexico. >> they walk into a store, fill out a form, they buy a couple of rifles and walk out and give it to the guy. he gives them a few hundred bucks. >> to purchase a gun every buyer fills out this form. it asks, have you ever been indicted for a felony, been charged with a crime that allows for a year in jail? are you subject to a restraining order? the gun stores forwards that to the fbi, which then approves, denies or delays the purcha
back the wars in iraq and afghanistan. what's notable about this, it doesn't include any new revenues through taxes. as you know, the white house has been fighting for this for weeks and now under senator reid's plan there are no new revenues through tax reform. the president has come out and said schae ports senator reid's plan. he says it is a reasonable approach but we're still deadlocked just eight days out. >> thank you, kristen. >>> and serving on the budget committee. good afternoon, senator. >> good afternoon, dylan. thanks for a chance to be he. >> thanks for joining us. insight what you think this deal ends up looking like? >> well i think a number of us are disappoint we're not going to do the bigger deal that the president and leader reid have been pressing for that a number of us republicans and democrats in the senate pressed for. i view leader reid's offer as a last-ditch effort to avoid default. my hope is that republicans can hear us saying, yes. it's a deal that doesn't touch medicare, medicaid, social security or include revenue increases. hits the $2.7 trillion tar
contract in afghanistan that moves more than 70% of the goods and materiel that u.s. troops need at their remote fire bases, moves it all across afghanistan. the military in kabul looked at this $2 billion plus contract and found payoffs and corruption. one u.s. official telling us, and we quote from what he explained to us, that when they looked at it there were concerns about, quote, fraudulent paperwork and behavior, indications dollars were flowing to criminals and the enemy. what we are talking about is a web of payoffs. the contractors who run the trucking companies, hire subcontractors, the subcontractors then pay or police and security officials who pay off the taliban or criminals so that their trucks get safe passage across insurgent zones in afghanistan. is it realistic at this point that any of this will ever change. we spoke to a top analyst about this. >> when you have the, you know, extent of corruption that we may have seen with some of these contracts, that's clearly not acceptable and they have to change the way they are doing business, but, you know, like i sai
party support and served as a captain in the air force, including tours in afghanistan and iraq. congressman, welcome very much. >> thanks. >> happy to have you. and welcome to everyone. doris, sometimes satire can be the most damning in terms of summing up where we are. "the onion" newspaper has this headline this week -- "congress continues debate over whether or not nation should be economically ruined." if the question is whether washington is broken, make the case that the answer is yes. >> i think there's no question it's broken. you know, our country was created on the principle of compromise. think about it. the states versus the federal government, senate versus house, north versus south. and i remember once, one of the old framers was asked, what is the three principles of this new government you've created? well, the first is compromise, the second is compromise, the third is compromise. something's happened where compromise has become a terrible word in washington. it's partly because the parties have become more ideologically separated. henry clay was the great comp
drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150 billion for the war is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trillion. and another thing that's scored in that, since that $1 trillion in war costs is scored the way mr. reid scored that, which is ph
afghanistan is also winding down and that's the trillion dollars they thought they'd save but they don't list anything with the harry reid plan and not to look at entitlements, how could you possibly say we're taking a hard look and making tough decision abouts the future of our -- of the country economically and not look at entitlements when even the president of the united states has had a problem. let's look at john boehner. he says, all right, i'll raise the debt ceiling. this is what i mean by a two phased plan. just a trillion dollars and we'll have $1.2 trillion in cuts by the end of the year. the future cuts will be commissioned and sent up after they commission a bipartisan panel to decide, you know, republicans or democrats to decide which will be cut and what shouldn't. >> and apparently, it would be along the lines of the cut, cap and balance as you can see right there. here is something that speaker boehner said why he cannot support the democrats' plan. he said the administration says they need all of the increase up front so he doesn't have to deal with this until after the ele
of the wars in afghanistan and pakistan. >> still not getting serious. >> i went away from fuzzy. >> is that like jerry at trick math? >> yes. >> are you surprised they don't have a deal today? i actually really -- i mean, i really thought -- >> i would be shocked if they don't have a deal in the next two or three days. again, republican freshmen may have a big ideology difference with barack obama and his world view, and the divide is no greater than ronald reagan's was with tip o'neal in 1983 when they sat down, and they did a kneel. yes, you differ with barack obama and the democrats, but -- >> usually you are good at seeing somebody's angle. like you know what their angle was. what is the angle here? i don't get it. >> these republicans believe this is their only opportunity -- >> are they so stuck to the contract with the tea party they cannot think outside the box for the good of the country? seriously? >> can i finish? you asked a question and i need to finish. they understand one thing. >> what do they understand? >> they are dead right about this. this is their best chan
: and the trillions they are talking about is baked into the cake with iraq and afghanistan. >> if i was a betting guy, they have to downgrade. >> neil: interesting. the pressure is on this gentlemen, john boehner, reacting to the president signing onboard harry reid's plan. >> our members have a two-step approach, cutting, spending and avoiding an economic collapse as a result of a default. we believe it is a responsible common sense plan that meets our obligations to the american people. and preserves the full, faith and credit of the united states government. this legislation reflects a bipartisan negotiation over the weekend. with our colleagues in the senate. as a result, of this bipartisan negotiation, i would call this plan less than perfect. but, it does ensure that the spending cuts will be greater than the hike in the debt limit. secondly, there are no tax increases that are part of this plan. it is not cut, cap and balance, but it is built on the principles of cut, cap and balance, that can pass the united states senate, as well as the united states house. time is running short. i'm urging
and afghanistan. republicans say the markets might not buy that but the same accounting tool was used in the republican budget that passed the house. jon: interesting to that the secretary of state commenting on tkphes particular spending matter. thank you. jenna: the lack of debt deal seems to be one of the factors in the stock market as wendell was talking about. the dow trading down by 60 points . it was down by over a hundred earlier. simon constable is a columnist for the "wall street journal." what is your take? we talk about the reassurance for the market? what about the reassurance for the average investor. >> most of the markets are saying whatever. but the gold market isn't. we've seen gold come up from 1500 a month ago to over 1600 now. jenna: what does that tell you. >> people don't buy golds as a good investment. you have to pay money to have it stored, buy insurance, put it in a bank, with armed guards and people are basically big thumb's down to the u.s. government when they buy gold. you shouldn't be totally reassured. that is quite a move in that sort of short period
in discretionary spending. also a lot of money from war money. he's saying as afghanistan and iraq wrap up, there's about a trillion dollars in savings. that's kind of controversial, brooke, because republicans don't count that money. but bottom line, $2.7 trillion all in savings cuts. you might like all them. that's what he's saying. he has a longer term committee in here but it would just make recommendations for long-term reform, really would have a vote on that but wouldn't force those reforms to happen. >> so i want to look at this plan here that you now have. i want to look at what supporters would say and also opponents. from everything i've been reading trying to keep up with all of this, the big difference here from the democrats' side there's no mention of revenue increases, correct? >> huge concession from democrats. the whole time democrats say there must be revenue on the table, republicans say they can't be. now democrats are dropping that huge demand. here is what supporters would say. this plan gets it done. they would say we're out of time. we're in the going to push for all of o
eliminating money with the wars in be afghanistan and iraq. that's also future looking. so i'm asking you today in terms of changes to the tax code for corporations because we know there's plenty of corporations that last year ended up paying relatively little or no taxes at all. are you putting forward anything in terms of corporate tax reform that you would be willing to undo in loop loopholes today? is. >> i think we all agree tax loopholes are something we can do about, that's definitely an area we compromise on without any difficulty whatsoever. but the point is putting in a system of tax reform that is simpler, flatter, less cumbersome especially for our business owners in the cost of doing business. so this is what we're looking at. but we are definitely against any tax increases, any tax increases alone. martha: all right, so goldman sachs if they don't get $4 trillion, what happens is a plan that's short of $4 trillion in real spending cuts, they're likely to downgrade their rating on u.s. debt. what do you think about that? >> well, you know, that's unfortunately what we're face
Search Results 0 to 25 of about 26 (some duplicates have been removed)